Bitcoin crypto FederalReserve Interestrate Bitcoin faces resistance at $20,300 as global investors hope for a “Fed Pivot”
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According to David Lifchitz, managing partner and chief investment officer at ExoAlpha, while cryptocurrencies have been performing better than bonds and stocks in response to the surging dollar, “cryptos had already been hammered before the USD surge began and they have been stuck since mid-June in a tight range with anemic volumes.”
“This shows how nervous and "trigger happy" the markets are these days,” Lifchitz surmised. Things got even more politicized when the UN put out an official request asking central banks to stop raising interest rates, the CIO noted.
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